Experts Highlight Progress in Addressing Canadian Housing Crisis

Canada's housing market shows signs of stabilization with improved affordability in key areas, but supply still falls short. Annual home construction of 250,000 lags behind the 400,000-470,000 needed to meet demand. Population growth outpaces housing production, creating a persistent deficit. Government reforms aim to accelerate building, with new home sales rising significantly. Affordability remains a major issue, influencing migration and political pressure.